Kakao Pay reports net loss of 6.2 billion won in Q2
![A promotional image of Kakao Pay [KAKAO PAY]](https://koreajoongangdaily.joins.com/data/photo/2023/08/01/2d617c92-7f71-43e8-9af9-7a0b949acebf.jpg)
A promotional image of Kakao Pay [KAKAO PAY]
Kakao Pay on Tuesday reported its second-quarter net loss of 6.2 billion won ($4.8 million), remaining in the red compared with a year ago.
The company said in a regulatory filing that it continued to post an operating loss of 12.6 billion won for the April-June period, compared with a loss of 12.5 billion won a year earlier. Revenue rose 11 percent to 148.9 billion won.
The operating loss was 30.7 percent higher than the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.
Yonhap
with the Korea JoongAng Daily
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